Top Rebates On Cars, Trucks, & SUVs In June 2020

By

Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - June 10, 2020

Update: We've added an unadvertised deal on the RLX offering one of the largest discounts on any car.

We analyzed hundreds of deals to uncover cars, trucks, and SUVs with the highest rebates in June. We've found up to $11,000 in incentives now that every brand is offering deals in response to COVID-19. In some cases, these are the best deals to date.

Our analysis is based on a combination of advertised offers and unadvertised deals you won't hear about anywhere else. Offers listed here are available nationally unless noted otherwise. Stay tuned for updates closer to the 4th of July holiday.

Not seeing deals based on where you live? We can help! Just let us know your zip code and preferred vehicle type in the comments below.

SUVs With The Highest Rebates

What's Hot: The Compass is eligible for up to $4,250 in savings, a nearly 16% discount off the MSRP of the Latitude trim. Here in Californa, Jeep is offering $3,500 in rebates that you can boost with a $750 incentive for taking out a loan through Chrysler Capital.

What's Not: Latitude and Trailhawk styles appear to have the best discounts. Opting for a Sport or Limited model lowers the discount to $3,750. Note that while Jeep is offering 0% APR for 72 months, the offer can't be combined with any of the above rebates.

Check Compass Prices Near You »

What's Hot: Big discounts can make the midsize Sorento almost as cheap as a compact SUV. All versions qualify for a $4,000 rebate. Even better, Kia is offering a $1,500 bonus when trading-in a vehicle. That's $5,500 in potential savings, the most we've seen to date.

What's Not: Your alternative is 0% APR for 72 months. However, you'll have to give up the rebate in order to get it. Kia also no longer offering a 120-day deferral on your first month's payment. Curiously, the Hyundai Santa Fe is eligible for the same rate plus a 90-day deferral.

Check Sorento Prices Near You »

What's Hot: Muranos feature the largest discounts on a midsize SUV. SL and Platinum styles are the best deal with $6,000 in potential savings.

What's Not: Offers vary by trim, with $5,250 off the Murano SV and $4,750 off the entry-level S. That said, 60-month loan rates start at 0.9% APR and come with $4,500 in cash. Depending on your priorities, financing could be a smart alternative. Just be aware that some of Nissan's offers aren't as good as they may sound.

Check Murano Prices Near You »

What's Hot: You won't see it advertised, but Acura is offering a $5,500 discount that's only available when taking out a loan through Acura Financial Services (AFS). Even better, current Acura owners can get a $2,000 loyalty discount for $7,500 in potential savings.

What's Not: Although Acura is now offering 0.9% APR for 72 months, it can't be stacked with the $5,500 incentive. Not an Acura owner? You may be eligible for a $500 conquest bonus for coming from a qualifying competitor for $6,000 in combined savings.

Check MDX Prices Near You »

What's Hot: All versions of the Escalade are eligible for a $9,000 rebate. In areas of the country like Los Angeles, Cadillac is offering a $500 bonus that can bring your savings as high as $9,500.

What's Not: Current Escalade drivers may want to check their mail. Unadvertised dealer incentive bulletins show the brand has recently been sending out loyalty discounts resulting in discounts worth up to $19,000 ahead of the vehicle's 2021 redesign.

Check Escalade Prices Near You »

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Cars With The Highest Rebates

What's Hot: The Optima features the largest single rebate on any midsize car. All versions qualify for a $4,000 discount, which you can bring to as much as $5,000 with a bonus for trading-in a vehicle. That's more than double the potential savings on a 2020 Hyundai Sonata.

What's Not: Those looking for flexible payments should be aware Kia is offering 0% APR for 72 months. However, we think most buyers will find the rebate a much better option for saving money. Note that Kia is no longer offering a 120-day deferment on your first payment.

Check Optima Prices Near You »

What's Hot: The Challenger features up to $7,970 off MSRP when you opt for the blazing-fast SRT Hellcat. Interestingly, the deal is oriented around a promise of "$10 per horsepower." You won't see a deal that good on a Mustang GT or Camaro SS anytime soon.

What's Not: Rebates vary by trim and can be worth as little as $3,050 in the case of the more affordable Challenger SXT.

Check Challenger Prices Near You »

What's Hot: The XF is eligible for the largest single discount on any car — $11,000 off MSRP. Although the brand is also offering the alternative of 0% financing for 72 months, we think most shoppers will find the discount to be a far superior value.

What's Not: The $11,000 discount is available on V6 styles. If you opt for the 4-cylinder turbo, the amount falls to $9,000.

Check XF Prices Near You »

What's Hot: Dealers are being given up to $11,000 in dealer cash to help discount the RLX. This marks the biggest discount we've seen to date. Even better, you can boost that to as much as $12,000 if you qualify for a $1,000 loyalty discount.

What's Not: The RLX is due to be discontinued after the current model year and will effectively be replaced by the upcoming 2021 Acura TLX.

Check RLX Prices Near You »

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Trucks With The Highest Rebates

What's Hot: The RAM 1500 Classic features a slew of incentives in the Quad Cab Tradesman configuration (not pictured) that can approach $10,000 in places like California.

First, there's a $2,000 rebate that can be doubled to $4,000 with an Independence Day Bonus. Couple that with $1,250 in additional offers for $5,250 in savings. Financing through Chrysler Capital can get you an additional $1,000. Finally, RAM is offering a $3,000 bonus on select inventory. That's $9,250 in offers.

What's Not: That's an awful lot of math that can impact your bottom line if you don't qualify for every offer. Although RAM used to offer 0% APR for 84 months, the automaker took it away in May and now offers no special rates on 84-month loans.

Check 1500 Classic Prices Near You »

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, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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